The True Cost of NOT Owning Your Home
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.
Realtor.com reported that:
What proof exists that owning is financially better than renting?
1. In a previous blog, we highlighted the top 5 financial benefits of homeownership:
2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.
3. Less than a month ago, we explained that a family that purchased an average-priced home at the beginning of 2018 could build more than $49,000 in family wealth over the next five years.
4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!
Owning your home has many social and financial benefits that cannot be achieved by renting.
Blog Archive2019-02-21 11:58:34
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Why Homeownership Matters Now More Than Ever
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Thinking of Selling Your House in Idaho Falls? This is a Perfect Time!
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Why you Shouldn't FSBO
Why It Makes No Sense to Wait for Spring to Sell
Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?
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Idaho Falls, Do You Know How Much Your Home Has Increased in Value?
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Tuesday Tid Bit! It's not too late! Jan 31, Feb 1
Think You Should For Sale By Owner? Think Again!
3 Things You Need in a Shifting Real Estate Market
Do You Prefer the Charm of an Existing Home?
Buying a Home Young is the Key to Building Wealth
The Difference Having a Professional on Your Side Makes
What is the Cost of Waiting Until Next Year to Buy?
Where is the Housing Market Headed in 2019?
Is the Recent Dip in Interest Rates Here to Stay?
Tax Time is Upon Us
Buying a House This Year? This Should Be Your 1st Step!
Homeownership Remains a Huge Part of the American Dream
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